Trump wins again and great news for America

[HSFBfan]

Congrats to Barr. And according to OANN there will be criminal referrals. 

[HSFBfan]

Caught giving our secrets to the chinese

 

[HSFBfan]

The wall!!!!!

 

[HSFBfan]

 

[HSFBfan]

NBCNews

Disappointing Mueller report lol

https://t.co/wjMzGXPVb6?amp=1

[concha]

So it looks like AOC (Alexandria Occasional-Cortex) and pals have chased away the new Amazon HQ from NYC, bitching about the tax breaks.

What a great victory for socialism and the common man.

Who needed the estimated 25,000 new jobs, $2.5 billion in construction and economic activity created by Amazon anyway?

 

I give you the fukwits of the new Democratic Party.

.

[concha]

[HSFBfan]

19 hours ago, concha said:

So it looks like AOC (Alexandria Occasional-Cortex) and pals have chased away the new Amazon HQ from NYC, bitching about the tax breaks.

What a great victory for socialism and the common man.

Who needed the estimated 25,000 new jobs, $2.5 billion in construction and economic activity created by Amazon anyway?

 

I give you the fukwits of the new Democratic Party.

.

I'm a Republican and I'm not sure how I feel about the situation. The tax breaks in NY continues to fail. They tried it for upstate NY and it never worked. Upstate NY is dying and the companies never came with the tax break. Also let's put the money towards the housing subways police fire etc. You cant have crumbling everything but yet give a company 3 billion in tax breaks 

[concha]

5 minutes ago, HSFBfan said:

I'm a Republican and I'm not sure how I feel about the situation. The tax breaks in NY continues to fail. They tried it for upstate NY and it never worked. Upstate NY is dying and the companies never came with the tax break. Also let's put the money towards the housing subways police fire etc. You cant have crumbling everything but yet give a company 3 billion in tax breaks 

Look up how much Amazon is paying NYC in taxes right now.

Once you have that, compare it to:

$2.5 billion (estimated construction cost for new HQ)

25,000 new jobs at a corporate HQ in NYC.  Say the average person grosses $75k per year.  That's the better part of $2B per year.

That's over $20 billion injected into the NYC economy over a decade.  Think local sales, income and property taxes paid by these new employees and the new service activity for these people and the new HQ.

 

It's colossally stupid to drive that away.

[I AM IRONMAN]

It's fun to watch these guys twist in the wind.  SportsNUT posts a hundred times a day bitching and crying..because...you know...he'll change the political landscape on a HSFB board!  comedic gold...keep it up NUT and Co.

[HSFBfan]

1 minute ago, concha said:

Look up how much Amazon is paying NYC in taxes right now.

Once you have that, compare it to:

$2.5 billion (estimated construction cost for new HQ)

25,000 new jobs at a corporate HQ in NYC.  Say the average person grosses $75k per year.  That's the better part of $2B per year.

That's over $20 billion injected into the NYC economy over a decade.  Think local sales, income and property taxes paid by these new employees and the new service activity for these people and the new HQ.

 

It's colossally stupid to drive that away.

Yes ok I understand all that but when the tax breaks are done what is keeping amazon here. Why would amazon want to pay high taxes in NY when they can relocate to another state with less taxes or get more tax breaks somewhere else. Like i said they tried these tax breaks for upstate and it's a failure. 

Also according to the NY Post amazon didnt pay its taxes

https://www.google.com/amp/s/nypost.com/2019/02/14/amazon-paid-no-federal-taxes-again/amp/

[concha]

Just now, HSFBfan said:

Yes ok I understand all that but when the tax breaks are done what is keeping amazon here. Why would amazon want to pay high taxes in NY when they can relocate to another state with less taxes or get more tax breaks somewhere else. Like i said they tried these tax breaks for upstate and it's a failure. 

Also according to the NY Post amazon didnt pay its taxes

https://www.google.com/amp/s/nypost.com/2019/02/14/amazon-paid-no-federal-taxes-again/amp/

As far as when the $3 billion are gone, who knows?  Maybe they'll put it up for tender again. Maybe not.  Building new HQs and moving or replacing 25k people is not easy.

As regards the taxes, that's federal taxes. Not NY state & NYC.

[HSFBfan]

Just now, concha said:

As far as when the $3 billion are gone, who knows?  Maybe they'll put it up for tender again. Maybe not.  Building new HQs and moving or replacing 25k people is not easy.

As regards the taxes, that's federal taxes. Not NY state & NYC.

Right so if they dont pay federal taxes does that mean they would pay the NYC and NY taxes.

Again I'm just trying to collect as much information as I can as I dont know how I feel about this move. Is amazon like Walmart when they come in they destroy the town/city they are in? 

[concha]

9 minutes ago, HSFBfan said:

Right so if they dont pay federal taxes does that mean they would pay the NYC and NY taxes.

Again I'm just trying to collect as much information as I can as I dont know how I feel about this move. Is amazon like Walmart when they come in they destroy the town/city they are in? 

The IRS and state & local tax authorities are independent of one another.

This isn't like Walmart coming in and destroying the smaller retailers in the area.  This is establishment of an East Coast HQ. It's management and administration.  NY and NYC reject them, so they take their money and jobs and go somewhere else more accommodating.

Basically, those leftist fuktards drove away tens of thousands of jobs and tens of billions of dollars for their local and state economies.  

Other states and cities are laughing their asses off at New York stupidity and torching Bezos' phone lines with offers to be the replacement location.

[HSFBfan]

5 minutes ago, concha said:

The IRS and state & local tax authorities are independent of one another.

This isn't like Walmart coming in and destroying the smaller retailers in the area.  This is establishment of an East Coast HQ. It's management and administration.  NY and NYC reject them, so they take their money and jobs and go somewhere else more accommodating.

Basically, those leftist fuktards drove away tens of thousands of jobs and tens of billions of dollars for their local and state economies.  

Other states and cities are laughing their asses off at New York stupidity and torching Bezos' phone lines with offers to be the replacement location.

Yep I can understand your point and from that angle I can see the stupidity of losing out on this. But I'm trying to understand the other side of it. AOC brought up using funds for cops firefighters and such which I hate to admit this but she has a point if I read it correctly. I'd have to go find that quote. 

One guy from NY said he was against it because he was afraid it would take over the area crippling it. He said something like these people leave at 5pm doing nothing for the local restaurants and such at night time. 

New york state senator gianaris stated this

Gianaris, whose district includes the Long Island City neighborhood in Queens where Amazon had agreed to build, claims Seattle businesses have not really benefited from having the e-commerce giant based there.

"In Seattle, the local restaurants are dying," he argued. "It's all insular to the campus. They go home at 5 o'clock. No one is having dinner in those restaurants."

[concha]

1 minute ago, HSFBfan said:

Yep I can understand your point and from that angle I can see the stupidity of losing out on this. But I'm trying to understand the other side of it. AOC brought up using funds for cops firefighters and such which I hate to admit this but she has a point if I read it correctly. I'd have to go find that quote. 

One guy from NY said he was against it because he was afraid it would take over the area crippling it. He said something like these people leave at 5pm doing nothing for the local restaurants and such at night time. 

New york state senator gianaris stated this

Gianaris, whose district includes the Long Island City neighborhood in Queens where Amazon had agreed to build, claims Seattle businesses have not really benefited from having the e-commerce giant based there.

"In Seattle, the local restaurants are dying," he argued. "It's all insular to the campus. They go home at 5 o'clock. No one is having dinner in those restaurants."

Do they all buy homes on the campus? All the food for them and their families? Clothes? Furniture? Gas? 

They spend NOTHING locally?

Seattle's restaurants would be doing BETTER without Amazon there? 🤣

S-T-U-P-I-D

 

This was a retarded leftist reaction to a big company negotiating something for itself BECAUSE THEY HAD LOTS TO OFFER IN RETURN.

 

[HSFBfan]

4 minutes ago, concha said:

Do they all buy homes on the campus? All the food for them and their families? Clothes? Furniture? Gas? 

They spend NOTHING locally?

Seattle's restaurants would be doing BETTER without Amazon there? 🤣

S-T-U-P-I-D

 

This was a retarded leftist reaction to a big company negotiating something for itself BECAUSE THEY HAD LOTS TO OFFER IN RETURN.

 

Like i said I completely understand your angle and it makes sense and it looks lik amzozn is going to Nashville 

But I do want to bring up this point since Bezos is worth so much he shouldnt need any tax breaks. Let him pay for everything. Ny shouldnt have to keep bribing companies.

So for me I'm very much on the fence. It doesnt impact me at all

[concha]

Just now, HSFBfan said:

Like i said I completely understand your angle and it makes sense and it looks lik amzozn is going to Nashville 

But I do want to bring up this point since Bezos is worth so much he shouldnt need any tax breaks. Let him pay for everything. Ny shouldnt have to keep bribing companies.

So for me I'm very much on the fence. It doesnt impact me at all

"Need" has nothing to do with it.

He's a smart business man making a smart business decision.

I think you'll find that Amazon was offered incentives by every city and state with a viable contending location.  They "bribe" Amazon with things like tax breaks. He "bribes" them with tens of thousands of jobs and tens of billions of new economic activity for their city and state.

[HSFBfan]

4 minutes ago, concha said:

"Need" has nothing to do with it.

He's a smart business man making a smart business decision.

I think you'll find that Amazon was offered incentives by every city and state with a viable contending location.  They "bribe" Amazon with things like tax breaks. He "bribes" them with tens of thousands of jobs and tens of billions of new economic activity for their city and state.

Yes but understand he wins in the end. If/when he leaves after tax breaks are over 25000 people out of work. Businesses that were doing well because of amazon will suffer. I know it seems like I'm defending the Democrats but trying to play devil advocate. 

I'd have to see how the cities are doing were amazon is at to guess fully grasp this situation. Like I said I dont live in queens and I am not a business guy so I'm looking at this from an outside perspective and trying to gather information 

[concha]

I was just reading how the average salaries for the Arlington and Nashville locations will be $150k per year.

Assuming NYC would have been the same, that's $3.75B that NYC is losing. Per year.

Nearly FORTY BILLION over a decade.

 

Congratulations to "the future of the Democratic Party".

[concha]

6 minutes ago, HSFBfan said:

Yes but understand he wins in the end. If/when he leaves after tax breaks are over 25000 people out of work. Businesses that were doing well because of amazon will suffer. I know it seems like I'm defending the Democrats but trying to play devil advocate. 

I'd have to see how the cities are doing were amazon is at to guess fully grasp this situation. Like I said I dont live in queens and I am not a business guy so I'm looking at this from an outside perspective and trying to gather information 

Done trying o help you here.

It's really not tough to grasp.

[HSFBfan]

Just now, concha said:

Done trying o help you here.

It's really not tough to grasp.

I just saw Cuomo is pissed off at it but I'm sure he was gonna get money in his pocket if amazon came to queens. 

Like I said it doesnt impact me so idk why I care about this at all

[concha]

https://ny.curbed.com/2019/2/14/18225029/amazon-hq2-nyc-deal-canceled

Read this.

It spells out the stupidity in detail.

Jobs

Amazon would have reportedly generated $27.5 billion in city and state revenue over 25 years—a 9:1 ratio of revenue to subsidies. This arrangement was predicated on Amazon creating at least 25,000 jobs over the next decade—and up to 40,000—with an average salary of $150,000, the memorandum said. Another 1,300 jobs were in the pipeline for construction and some 107,000 in total direct and indirect jobs were anticipated, according to state estimates.

Amazon, the city, and state initially planned to commit $5 million each toward workforce development. The deal also planned for a local nonprofit to open a training center on the HQ2 campus to mentor and recruit Long Island City locals, according to the city. A $10 million expansion of the city’s JobsPlus program into the Queensbridge Houses—the largest public housing complex in the country—was set to take shape. Additionally, the de Blasio administration planned to launch a $3-5 million program geared toward training NYCHA residents for careers in IT, cybersecurity, and web development.

Infrastructure

To fund local infrastructure—streets, sidewalks, open space and the like—Amazon planned to utilize the city’s Payment In Lieu of Taxes (PILOT) program, estimated by former Deputy Mayor Alicia Glen at $600 to $650 million over four decades. Amazon would have also built a 600-seat school and 3.5 acres of public, open space along the waterfront at Anable Basin.

When the deal first landed, transit advocates and elected leaders promptly called on Amazon to beef up transportation infrastructure in Long Island City, worrying that existing options weren’t enough to serve the rapidly growing neighborhood. Advocates pointed to the ongoing bus and subway crisis plaguing the city and packed train cars that run on the 7 and G lines through the area.

HQ2 was also piggybacking off of city infrastructure investments that were already in the works, or in the midst of being proposed, including $46 million for sewer and water-main upgrades, $60 million for a new school and a new Long Island Rail Road stop, and $180 million in new spending for overall improvements to Long Island City, the city has said.

Economic Impact

As part of the contested incentives package, Amazon was to receive nearly $3 billion in tax breaks, abatements, and grants. The state was committing up to $1.7 billion in Excelsior Tax Credits and capital grants—again, based on Amazon’s delivery of job and investment commitments. On the city side of things, the Industrial Commercial Abatement Program (ICAP) would have abated approximately $386 million in property taxes, while the Relocation and Employment Assistance Program (REAP) would have been worth $897 million, according to city and state officials. Incentives aside, the state would have reportedly earned $14 billion in tax returns, and the city would have received more than $13.5 billion in tax revenue over a 25 year period.

But officials revealed at a January City Council hearing that the price tag to bring Amazon to Long Island City could have cost $987 million more than the city previously claimed because city estimates only accounted for the minimum job and infrastructure investments that Amazon was expected to make, according to a report from the Council’s Finance Committee.

Real Estate

Long Island City transformed from a buyer’s to a seller’s market practically overnight after Amazon’s HQ2 announcement. The change came after a slump that in October saw 13 percent of the area’s listings slash their prices. Real estate experts speculated that Amazon’s move to Long Island City could paved the way for other large companies to move into the neighborhood. Amazon’s sudden reversal will undoubtedly lead to “whiplash,” as one StreetEasy expert put it in a statement.

The HQ2 cancellation has sent some developers scrambling, namely family-run plastics company Plaxall that was initially due to rent 4 million square feet of Long Island City land to Amazon for its headquarters.

[HSFBfan]

5 minutes ago, concha said:

https://ny.curbed.com/2019/2/14/18225029/amazon-hq2-nyc-deal-canceled

Read this.

It spells out the stupidity in detail.

Jobs

Amazon would have reportedly generated $27.5 billion in city and state revenue over 25 years—a 9:1 ratio of revenue to subsidies. This arrangement was predicated on Amazon creating at least 25,000 jobs over the next decade—and up to 40,000—with an average salary of $150,000, the memorandum said. Another 1,300 jobs were in the pipeline for construction and some 107,000 in total direct and indirect jobs were anticipated, according to state estimates.

Amazon, the city, and state initially planned to commit $5 million each toward workforce development. The deal also planned for a local nonprofit to open a training center on the HQ2 campus to mentor and recruit Long Island City locals, according to the city. A $10 million expansion of the city’s JobsPlus program into the Queensbridge Houses—the largest public housing complex in the country—was set to take shape. Additionally, the de Blasio administration planned to launch a $3-5 million program geared toward training NYCHA residents for careers in IT, cybersecurity, and web development.

Infrastructure

To fund local infrastructure—streets, sidewalks, open space and the like—Amazon planned to utilize the city’s Payment In Lieu of Taxes (PILOT) program, estimated by former Deputy Mayor Alicia Glen at $600 to $650 million over four decades. Amazon would have also built a 600-seat school and 3.5 acres of public, open space along the waterfront at Anable Basin.

When the deal first landed, transit advocates and elected leaders promptly called on Amazon to beef up transportation infrastructure in Long Island City, worrying that existing options weren’t enough to serve the rapidly growing neighborhood. Advocates pointed to the ongoing bus and subway crisis plaguing the city and packed train cars that run on the 7 and G lines through the area.

HQ2 was also piggybacking off of city infrastructure investments that were already in the works, or in the midst of being proposed, including $46 million for sewer and water-main upgrades, $60 million for a new school and a new Long Island Rail Road stop, and $180 million in new spending for overall improvements to Long Island City, the city has said.

Economic Impact

As part of the contested incentives package, Amazon was to receive nearly $3 billion in tax breaks, abatements, and grants. The state was committing up to $1.7 billion in Excelsior Tax Credits and capital grants—again, based on Amazon’s delivery of job and investment commitments. On the city side of things, the Industrial Commercial Abatement Program (ICAP) would have abated approximately $386 million in property taxes, while the Relocation and Employment Assistance Program (REAP) would have been worth $897 million, according to city and state officials. Incentives aside, the state would have reportedly earned $14 billion in tax returns, and the city would have received more than $13.5 billion in tax revenue over a 25 year period.

But officials revealed at a January City Council hearing that the price tag to bring Amazon to Long Island City could have cost $987 million more than the city previously claimed because city estimates only accounted for the minimum job and infrastructure investments that Amazon was expected to make, according to a report from the Council’s Finance Committee.

Real Estate

Long Island City transformed from a buyer’s to a seller’s market practically overnight after Amazon’s HQ2 announcement. The change came after a slump that in October saw 13 percent of the area’s listings slash their prices. Real estate experts speculated that Amazon’s move to Long Island City could paved the way for other large companies to move into the neighborhood. Amazon’s sudden reversal will undoubtedly lead to “whiplash,” as one StreetEasy expert put it in a statement.

The HQ2 cancellation has sent some developers scrambling, namely family-run plastics company Plaxall that was initially due to rent 4 million square feet of Long Island City land to Amazon for its headquarters.

Oh well. Like I've said if one day NY collapses onto itself it will only have itself to blame. 

As I stated it looks like Amazon will go to Nashville but I know people in nashville that are not happy that nashville is growing so rapidly and large corporations are taking everything over 

[HSFBfan]